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Jul 2, 2011
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i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their promises. and to the extent that the congress and the president can agree on a long run fiscal plan, it raises the question of, are we ever going to get our act together so that we don't become greece? >> and is the market yet or do you suspect it will either price this in or panic? >> it's been amazing how calm the markets have been and i think there are two reasons for that. one is, they kind of assume that eventually washington will do what it has to do. and secondly, greece and europe have been such a preoccupation that nobody wants to h
i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their...
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Jul 2, 2011
07/11
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i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their promises. and to the extent that the congress and the president can agree on a long run fiscal plan, it raises the question of, are we ever going to get our act together so that we don't become greece? >> and is the market yet or do you suspect it will either price this in or panic? >> it's been amazing how calm the markets have been and i think there are two reasons for that. one is, they kind of assume that eventually washington will do what it has to do. and secondly, greece and europe have been such a preoccupation that nobody wants to h
i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their...
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Jul 30, 2011
07/11
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conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention to what's on the table now. >> exactly and i think the democratic base won't be happy no matter how this turns out but i think it's entirely possible that over the next 48 or 72 hours that the republican base will become really frustrated and angry because what -- there was one long-time, congressman tom cole, been around washington for a long time, he said this week, there's a lot of learning going on in our caucus and they're learning they don't own the senate and they can't push pure snow what their proposal is and it was his estimation
conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention...
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Jul 30, 2011
07/11
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conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention to what's on the table now. >> exactly and i think the democratic base won't be happy no matter how this turns out but i think it's entirely possible that over the next 48 or 72 hours that the republican base will become really frustrated and angry because what -- there was one long-time, congressman tom cole, been around washington for a long time, he said this week, there's a lot of learning going on in our caucus and they're learning they don't own the senate and they can't push pure snow what their proposal is and it was his estimation
conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention...
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Jul 9, 2011
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and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline price
and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural...
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Jul 9, 2011
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and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline price
and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural...
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Jul 16, 2011
07/11
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gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will help us govern. they were wrong. second, i think obama has elected that we were moving into a post-partisan era. when all the old battles of the right or left, the clintons thinking of doing was over. they're still republicans. they're not like democrats. there are still quite a few of them. one thing about the republican party you can say this week, it's not post partisan. >> the lame duck session, which wasn't so long ago achieved a lot but with a bunch of members of congress who had been shoate vo -- voted out of awes. gwen: which is the only way they
gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will...
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Jul 25, 2011
07/11
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that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going to be a big effect because of the deal that fell apart on friday night. yet we didn't see that much of an effect, why is that? >> well, i think there, a lot of people are second-guessing how financial investors and financial markets are going to react. and they've been wrong and wrong again. most of the markets are a little jittery, a little nervous but they're not panicked yet. i think the heat will get turned up as it were, as we head closer to august 2nd. but right now i would say markets are nervous but not panicked. >> ifill: nervous but not panicked. let's talk about the state because a lot of
that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going...
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Jul 5, 2011
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he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read president clinton reiterated today just makes sense if it's cheaper to do business here in the united states, then jobs will be created here. if it's cheaper to keep that cash and to create jobs abroad, that's what businesses will do because it makes economic sense. but again i think the last thing i would think you would want to do when the recovery is is so anemic and when the private sector is sort of sitting on the side lines because they don't know what the costs of doing business are going to be, tax rates, regulatory policy, that i think we need
he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read...
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Jul 6, 2011
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condolence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that's been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. t
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...
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Jul 27, 2011
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors....
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Jul 12, 2011
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. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: another blistering forecast greeted millions of americans today. the unrelenting hot weather broke a series of records, and triggered warnings in state after state. >> judging by the -- large portions of the country the sweating is way from over with temperatures over 100 degrees and above. >> how hot do you think it is. >> 109. >> in wichita, a high yesterday of 111 degrees, breaking a record set in 1982.
. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations....
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Jul 26, 2011
07/11
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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Jul 7, 2011
07/11
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 8, 2011
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how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agreed to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true in some of the non-health maatory like farm subsidies and federal worker pensis and trb i care i understand is on the table, they agreedhat the were rape targets. but the idea that they agreed on what to cut and how to cut it i think was oversold. >> hunt: again, what's the defense target if they could get a con seine us? >> well, obama has offered something like $300 billion over ten. or $400 over 12. but i don't think republicans have been willing to accept that so far. >> hunt: when we talk about crunch time now, julianna, we'
how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agreed to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true...
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Jul 9, 2011
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we're talking big money. and doing something on social security and medicare. this could all easily collapse, but for the first time, you have the leader of the country and the principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country passed the lead. he has not yet, even though we of rumors he is prepared to discuss. that is language he has used it for two -- "i am happy to discuss" -- it is not discussion time, it is crunch time. why have we not heard one proposal from the president? the republicans have made a lot. what are you going to do on medicare? >> this is such a circular argument we are having here. some of us, a few of us, one of us -- [laughter] had an idea earlier in the year that it would come to this, that the president would deliberately not put his cards on the table as far as attendance were concerned -- entitlements were concerned, "come into my parlor, said the spider to the fly." in came the republicans with the ryan plan, got their heads handed to them politically -- i am not sayi
we're talking big money. and doing something on social security and medicare. this could all easily collapse, but for the first time, you have the leader of the country and the principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country passed the lead. he has not yet, even though we of rumors he is prepared to discuss. that is language he has used it for two -- "i am happy to discuss" -- it is not discussion time, it is...
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Jul 7, 2011
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consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has officers investigating whether other officers were bribed by journalists. >> a small group of officers may have engaged in these practices. i will determine to do what we should do, and that is proceed to criminal courts. >> a former employee told the court las
consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement,...
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Jul 12, 2011
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 8, 2011
07/11
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big daddy cane is jimi hendrix. i understand why people are saying, what do you talk about? s.an age thing. if you are 45 and under, you perk up. that appeal to everybody. it was not soft or corny. tavis: there are a number of artists talking about the impact tribe had on them. what is the documentary trying to get us to understand about their influence on hip-hop? >> they make people feel like they were comfortable being themselves. i talked to quest love, the beasitie boys. when he was younger, he was seen as a weirdo. after tribe came out, that became the look. it made people feel comfortable being themselves. after hip-hop, it was cold chains and very much seasonal. tribe said that the not have to be like that. musically, they way they sampled and used the samples, took it to another level. musically, they broke the mold. tavis: i know that you are here today and not q tip. you have not seen him out there he twe're do alme ararntme >> you wou have ask him. he has come around. the film became a lot more interpersonal then any of us suspected when we first started. seeing
big daddy cane is jimi hendrix. i understand why people are saying, what do you talk about? s.an age thing. if you are 45 and under, you perk up. that appeal to everybody. it was not soft or corny. tavis: there are a number of artists talking about the impact tribe had on them. what is the documentary trying to get us to understand about their influence on hip-hop? >> they make people feel like they were comfortable being themselves. i talked to quest love, the beasitie boys. when he was...
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Jul 9, 2011
07/11
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we're talking big money. and doing something on social security and medicare. this could all easily collapse, but for the first time, you have the leader of the country and the principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country passed the lead. he has not yet, even though we of rumors he is prepared to discuss. that is language he has used it for two -- "i am happy to discuss" -- it is not discussion time, it is crunch time. why have we not heard one proposal from the president? the republicans have made a lot. what are you going to do on medicare? >> this is such a circular argument we are having here. some of us, a few of us, one of us -- [laughter] had an idea earlier in the year that it would come to this, that the president would deliberately not put his cards on the table as far as attendance were concerned -- entitlements were concerned, "come into my parlor, said the spider to the fly." in came the republicans with the ryan plan, got their heads handed to them politically -- i am not sayi
we're talking big money. and doing something on social security and medicare. this could all easily collapse, but for the first time, you have the leader of the country and the principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country passed the lead. he has not yet, even though we of rumors he is prepared to discuss. that is language he has used it for two -- "i am happy to discuss" -- it is not discussion time, it is...